ACET 2020 : Application, Dates, Eligibility, Exam Pattern, Syllabus

ACET 2020ACET 2020 will be organized to offer admissions in Actuaries courses in Indian institutions. It is a university level examination which is conducted two times in one year. IAI (Institutes of Actuaries of India) is the conducting authority of Actuarial Common Entrance Test (ACET). Through ACET, qualified candidates will be admitted as student members of IAI. Here, candidates can study in detail regarding ACET 2020 including exam dates, eligibility criteria, application form, etc.

ACET 2020 Exam Dates

The ACET 2020 exam dates will be different for both months i.e., June & December 2020. The expected dates are as follows:

June 2020:

EventsDates (Tentative)
Registration starts3rd week of February 2020
Last date for registrationLast week of April 2020
ACET 2020 June exam date3rd week of June 2020
Result date1st week of July 2020
Last date for membership admission for those who wants to appear for November 2020 ExaminationLast week of July 2020
Counselling processAugust 2020

December 2020:

EventsDates (Tentative)
Registration starts3rd week of August 2020
Registration closesLast week of October 2020
ACET 2020 December exam date3rd week of December 2020
Result announcement1st week of January 2021
Last date for membership admission for those who wants to appear for June 2021 ExaminationLast week of January 2021
Counselling processFebruary 2021

ACET 2020 Application Form

The details for ACET 2020 Application Form are as follow:

  • The application form will be made available through online mode.
  • ACET 2020 June application form will be available in the third week of June 2020.
  • ACET 2020 December application form will be made available by third week of December 2020.
  • Candidates will have to upload scanned images of photograph & signature while filling the application form.
  • Candidates will have to fill all the details carefully in the application form and submit it on time.
  • At the last do not forget to take the printout of the application form for future use.

Application fee:

  • The ACET application fee will be paid through credit card/debit card/net-banking.
  • The mode of payment will be online.
  • The fee payment for all categories will be Rs. 3000/-, including Sample Question Paper, Indicative Solution and Online Exam.

Eligibility Criteria

Candidates will only be eligible, if they will fulfill the following eligibility criteria of ACET 2020:

  • Age Limit: There will be no age limit for ACET 2020 examination.
  • Qualification: The candidate should have passed intermediate or equivalent from a recognized board.
  • Mandatory: English will be the mandatory subject in class 12th
  • Appearing candidates will also be eligible.
  • Graduated, post-graduated, engineering students, management students, CA, CS, degree holders in Mathematics will also be eligible to appear in the examination.

ACET 2020 Exam Pattern

The details regarding ACET 2020 Exam Pattern will be as follow:

  • Questions Type: The MCQ (Multiple Choice Questions) will be asked.
  • Exam Mode: The ACET examination will be online (Computer-based) mode.
  • Duration: The duration of exam will be of 3 hours.
  • Sections: There will be two sections for ACET 2020.
  • Marking Scheme: Each correct answer will carry different mark for different sections.
  • Negative Marking: For 1 mark question, 0.5 marks will be deducted, for 2 marks question, 1 mark will be deducted and for 3 marks question, 1.5 marks will be deducted.
No. of questionsMarking (for correct answer)Negative Marking
4510.5
2021
0531.5

ACET 2020 Syllabus

The ACET 2020 syllabus will include the two sections. Section 1 will comprise of topics as Mathematics, Statistics and Data Interpretation. Section 2 will comprise of topics as English & Logical Reasoning.

Some common topics from each main topic of ACET 2020 Section 1 are:

Mathematics- Some common topics will be Notation & standard functions, Numerical methods, Algebra, Differentiation, Integration, Vectors and Matrices.

Statistics- Some common topics will be Permutations & combinations, Types of Data, Measures of location & spread, Probabilities, Discrete random variables & distributions, Continuous random variables & distributions, Correlation & Regression.

Data Interpretation- Some common topics will be Tables, Column graphs, Bar graphs and Line chart, Pie-chart, Venn Diagrams and Caselets.

Some common topics from each main topic of ACET 2020 Section 2 are:

English- Some common topics will be Vocabulary based, English grammar usage, Sentence Correction, Fill in the blanks, Cloze passage, Verbal reasoning & much more.

Logical Reasoning- Some common topics will be Number & letter series, calendars, Clocks, Cube, Blood relations and much more.

Preparation Tips

Some preparation tips for ACET 2020 are given below:

  • Manage your time according to the exam dates.
  • Study as per the official syllabus & topics.
  • Practice as much as you can from various practice sets.
  • Do revise all the topics on regular-basis.
  • Keep yourself healthy & fit.
  • Be aware of the marking scheme & do questions accordingly.

Exam Centers

The cities of ACET 2020 exam will be Mumbai, Delhi, Kolkata, Bangalore, Gurgaon, Chennai, Pune, Hyderabad, Jaipur, Ahmedabad, Lucknow, Chandigarh, Indore, Nagpur, Ranchi, Kochi, Bhubaneshwar, Dehradun, Patna, Vizag, Coimbatore, Surat, Guwahati and Raipur.

FAQs (Frequently Asked Questions)

Answer: The ACET 2020 entrance exam will be held twice in a year.
Answer: No, the registration will neither be refundable nor will be carried forward for the next ACET 2020 exam.
Answer: No, there will be only online (computer-based) mode exam.
Answer: No, the question paper will not have any sectional cut-off.
Answer: The application form fee will be of INR 3000/- for all the candidates.
Answer: Yes you will be able to select your exam centre at the time of filling application form.
Answer: No, the ACET 2020 will beconducted only in cities within India.

ACET 2020 Admit Card

The ACET 2020 admit card will be made available through online mode. The admit card for June session will be made available in the second week of June 2020. For December session it will be made available in the first week of December 2020.

Candidates will have to carry print out the admit card along with the valid photo ID proof in the exam centre. 12th standard candidates will have to carry their 12th class admit card or school ID with attached photograph. Candidates without all these required documents will not be allowed to permit for his/her exam.

ACET 2020 Result

The ACET 2020 result will be released through online mode. Candidates will have to login the detail to view their result. No printed result will be sent by the institute to candidates individually.

The result declaration for June session will be tentatively by first week of July 2020 & for December session by first week of January 2021.

For taking students membership in IAI, candidates result will only be valid for 3 years from result declaration date.

ACET 2020 Cut-Off

The ACET 2020 cut-off will be the minimum marks to qualify the examination. To qualify the exam candidates will have to secure atleast 50% marks in the ACET 2020 entrance examination.

The candidates who will score the marks equal or above than the cut-off marks will further be called for counselling or admission procedure.

ACET 2020 Admission Procedure

After qualifying the ACET 2020 exam, candidates will have to register themselves for the “Student Membership” again.

The student membership acceptance will be subject to production of attested original copies of education certificate.

Those candidates who will get short-listed in the merit list will be able to attend counselling/admission procedure for admission in actuaries.

Candidates have to register on the website by filling the “Student Membership Form”. The Application cum Payment Confirmation Form will be sent with attested documents in the given address:

Admissions Team,
Institute of Actuaries of India,
302, Indian Globe Chambers, 142, Fort Street,
Off DN Road, Near CST (VT) Station, Mumbai – 400001

Candidates can ask their queries regarding ACET 2020 by leaving the comment below in the comment box.

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